{"id":51308,"date":"2020-07-22T20:05:00","date_gmt":"2020-07-22T20:05:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2667566"},"modified":"2020-07-22T20:05:00","modified_gmt":"2020-07-22T20:05:00","slug":"3-85-million-ford-mustang-sale-smashes-world-record-for-second-time-in-six-months","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/22\/3-85-million-ford-mustang-sale-smashes-world-record-for-second-time-in-six-months\/","title":{"rendered":"$3.85-million Ford Mustang sale smashes world record for second time in six months"},"content":{"rendered":"

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\"$3,850,000<\/div>\n
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$3,850,000 | 1965 Shelby GT350 “R-Model” prototype<\/a> | Mecum | Indianapolis | 17 July 2020<\/div>\n
Mecum<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Mecum Auctions finished the first big bricks-and-mortar car auction since the pandemic began in Indianapolis this week, ushering in a new era for the collector car industry and smashing the world record price for a Mustang for the second time this year.<\/p>\n

After selling the McQueen “Bullitt” Mustang for US$3,740,000<\/a> at Kissimmee on January 10, it’s the second time in six months that a Mustang has sold for more than three million dollars, this time with Mecum hammering down the Shelby GT350 “R-Model” prototype for $3,500,000<\/a> ($3,850,000 with 10 percent buyer premium included) in Indianapolis.<\/p>\n

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\"$3,850,000<\/a><\/p>\n
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$3,850,000 | 1965 Shelby GT350 “R-Model” prototype<\/a> | Mecum | Indianapolis | 17 July 2020<\/figcaption>
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Mecum<\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n

Though it was the most successful Mecum Indianapolis auction in 33 years of running the annual flagship event, it was quite a different format to the normal football stadium sized crowd, with social distancing rules strictly obliged, and a much greater online audience than previous auctions.<\/p>\n

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\"The<\/a><\/p>\n
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The first bricks-and-mortar collector car auction since the pandemic looked quite a bit different to normal, though online sales rose significantly, contributing to the best result overall in 33 years<\/figcaption>
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Mecum<\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n

The sell-through rate for the 1800 vehicles presented was an exceptional 78 percent, significantly boosted by 346 of those sold vehicles going to internet bidders. Online bidders accounted for $10.3 million of the total.<\/p>\n

With a staunch Ford-oriented audience turning up for the event, the road art category was the bit that really helped overall sales climb past an unprecedented $74 million in sales. There were more than 6,000 Road Art lots offered over nine auction days, July 10-18, and those lots sold so well that they brought the overall sell-through rate for the auction to 90 percent.<\/p>\n

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The top 10 road art results<\/a> from the Mecum Indianapolis 2020 auction showed a distinctly Ford flavour<\/figcaption>
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Mecum<\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n

The breadth of offerings across the 6000 Road Art lots was staggering, but that aforementioned Ford-inclined audience really bid up anything with Ford DNA and as can be seen from the top 10 road art lots of the auction, Ford almost made it a clean sweep.<\/p>\n

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\"You’d<\/a><\/p>\n
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You’d expect the most expensive French national flag ever sold at auction to be sold in France but … someone paid $36,580 for the flag used to start the 1967 24 Hours of Le Mans<\/figcaption>
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Mecum<\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n

The most fascinating purchase in this category was the embroidered silk French Tricolour used as the starting flag at the 1967 Le Mans race<\/a> – the race in which Dan Gurney and AJ Foyt won by four laps in a Ford GT, and Gurney began a motorsport tradition by spraying the crowd with champagne from the victory dais.<\/p>\n

The similarities between Ford’s four-year sweep of Le Mans and the Indianapolis auction were uncanny. The top 10 cars sold at the event went like this:<\/p>\n

Here’s the complete top 10 collector-car sales<\/a> from the Indy 2020 auction:<\/p>\n

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  1. 1965 Shelby GT350R Prototype (Lot F140<\/a>) | $3,850,000<\/li>\n
  2. 1965 Ferrari 275 GTS (Lot S143<\/a>) at $1,430,000<\/li>\n
  3. 1966 Shelby GT350 Convertible (Lot F145<\/a>) | $1,100,000<\/li>\n
  4. 1964 Shelby 289 Competition Cobra (Lot F143<\/a>) | $990,000<\/li>\n
  5. 2018 Ford GT (Lot S135<\/a>) | $946,000<\/li>\n
  6. 1965 Shelby GT350 Paxton Prototype (Lot F141<\/a>) | $880,000<\/li>\n
  7. 1966 Shelby GT350 Paxton Fastback (Lot F142)<\/a> | $852,500<\/li>\n
  8. 1963 Rolls-Royce Silver Cloud III (Lot S114<\/a>) | $726,000<\/li>\n
  9. 1971 Ferrari 365 GTB\/4 Daytona (Lot S144<\/a>) | $715,000<\/li>\n
  10. 2011 Ferrari 599 GTO (Lot S117<\/a>) | $698,500<\/li>\n<\/ol>\n

    That would have to be the first time ever that Shelby has comprehensively outsold Ferrari on the auction block of a globally-significant auction, though it was largely because of the offering of the John Atzbach Shelby collection<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

    \n

    See Campaign: <\/strong>https:\/\/bullitt.mecum.com\/<\/a>
    Contact Information:<\/b>
    Mike Hanlon<\/p>\n

    Tags:<\/b>
    <\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

    \"image\"<\/div>\n

    \n

    Contact Information:<\/h3>\n

    Mike Hanlon<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    \"\"$3,850,000 | 1965 Shelby GT350 “R-Model” prototype | Mecum | Indianapolis | 17 July 2020 Mecum Mecum Auctions finished the first big bricks-and-mortar car auction since the pandemic began in Indianapolis this week, ushering in a new era for the collector car industry and smashing the world record price for a Mustang for the second time … Continue reading $3.85-million Ford Mustang sale smashes world record for second time in six months<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-51308","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\n$3.85-million Ford Mustang sale smashes world record for second time in six months - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/07\/22\/3-85-million-ford-mustang-sale-smashes-world-record-for-second-time-in-six-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$3.85-million Ford Mustang sale smashes world record for second time in six months - 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