Barrett Jackson to Auction First 07 Shelby
12/5/05, 06:15 PM
#21
It will go for less than $100K or about 2X MSRP.
The first Ford GT didn't go for over $500K and they are building only 3,500 of them, so what idiot would pay $500K for a car that Ford will make 20,000 copies of.
The first Ford GT didn't go for over $500K and they are building only 3,500 of them, so what idiot would pay $500K for a car that Ford will make 20,000 copies of.
12/5/05, 06:29 PM
#23
Originally posted by V10@December 5, 2005, 9:18 PM
It will go for less than $100K or about 2X MSRP.
The first Ford GT didn't go for over $500K and they are building only 3,500 of them, so what idiot would pay $500K for a car that Ford will make 20,000 copies of.
It will go for less than $100K or about 2X MSRP.
The first Ford GT didn't go for over $500K and they are building only 3,500 of them, so what idiot would pay $500K for a car that Ford will make 20,000 copies of.
12/5/05, 06:41 PM
#24
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Didn't Jay Leno get the first or second Ford GT? I'm bettin he'll pay whatever it takes to have a matching Shelby. If he gets it, at least we know it's going to a car lover and not just some dude looking to make a buck by reselling it.
12/5/05, 06:45 PM
#25
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Anyone besides me absolutely despise Barret Jackson for creating these insane prices on old cars? more than half the stuff sold on a Barret Jackson goes for double what it's really worth.
.....
12/6/05, 02:33 PM
#31
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For all you guys who keep complaining about Barrett Jackson being responsible for driving up the prices on classic cars -- did you ever stop to consider what the term "what it is worth" actually means? As in what a person will pay for a product determines it's value. And while BJ has done very well to foster a fevor-pitched and competitive environment to promote higher prices, it is still up to the buyers to set the prices themselves. Just because some people pay more than you think they should, doesn't mean you should blame the auction house.
The difference with the GT500 is that will be in production. You can't just go buy a '69 Mach 1 any more -- and that is what makes it rare and expensive. However, auctioning a soon to be released car may give dealers incendtive to gouge everyone coming in the door. And THAT will hurt Ford in the long run.
Let's just hope Ford dealers are more like their Dodge counter parts when they auctioned the first Charger -- and not equate it to an automatic price hike.
Wait... who am I kidding? Some are still trying to get "market adjustments" on the regular GTs.
The difference with the GT500 is that will be in production. You can't just go buy a '69 Mach 1 any more -- and that is what makes it rare and expensive. However, auctioning a soon to be released car may give dealers incendtive to gouge everyone coming in the door. And THAT will hurt Ford in the long run.
Let's just hope Ford dealers are more like their Dodge counter parts when they auctioned the first Charger -- and not equate it to an automatic price hike.
Wait... who am I kidding? Some are still trying to get "market adjustments" on the regular GTs.
12/6/05, 03:01 PM
#32
Legacy TMS Member
While I may never be able to afford an Original Shelby, the "Soon to be released" version will allow me to chop off my leg, my arm and offer up my first born to a local dealer for the opportunity to over pay for a car that will never approach an original in history or prestige.....Or I can wait for Ford to release tha body panels and create MY SHELBY, MY WAY, using my V6 'Vert as a base, for thousands less! ...RestoMods to the rescue!!!
12/6/05, 03:18 PM
#33
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How much did the first 2000 Cobra R sell for? Anybody remember? That would give you a good indication... the car was priced at $55K from Ford, and I remember seeing a few for over $85K.
3 years later, I saw one in FL for 33K, with 1,900 miles (although I don't know who would buy a car with no AC in Florida!).
3 years later, I saw one in FL for 33K, with 1,900 miles (although I don't know who would buy a car with no AC in Florida!).
12/6/05, 04:58 PM
#34
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Originally posted by PonyLover@December 5, 2005, 3:26 PM
My guess would be closer to $500,000.00 as it said it would be one of the first build (low Vin#). I could even see it go for $750,000.00.
My guess would be closer to $500,000.00 as it said it would be one of the first build (low Vin#). I could even see it go for $750,000.00.
This whole thing is silly. Ford may be shooting themselves in the foot with this stunt. If it leads dealers to think they can charge $55 - 75K for one of these for the entire production run, they may be sitting on these cars for a long time while in "reality" they depreciate on the lot.
12/6/05, 06:33 PM
#35
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Bet they will do the auction on their biggest night - Saturday. Since all the money will go to charity - all normal restraints will be off. $300K +
12/6/05, 07:55 PM
#36
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This car has zero collectiblity or classic status at this point. It's a brand new model which will be available to purchase for at least the next two years.
On top of that it's unremarkable technologically, with its piggish weight, iron block, spruce log rear suspension, and acres of cheap plastic inside.*
*OK, I feel better now that I got that off my chest.
12/6/05, 08:25 PM
#38
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Originally posted by BC_Shelby@December 6, 2005, 6:01 PM
...Ford may be shooting themselves in the foot with this stunt. If it leads dealers to think they can charge $55 - 75K for one of these for the entire production run, they may be sitting on these cars for a long time while in "reality" they depreciate on the lot.
...Ford may be shooting themselves in the foot with this stunt. If it leads dealers to think they can charge $55 - 75K for one of these for the entire production run, they may be sitting on these cars for a long time while in "reality" they depreciate on the lot.
I also believe that for anyone willing to be patient and not have to be the first person to have one, will be able to purchase one at MSRP or less....at least by 2008
12/7/05, 02:18 AM
#39
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Originally posted by MustangFanatic@December 6, 2005, 7:28 PM
I also believe that for anyone willing to be patient and not have to be the first person to have one, will be able to purchase one at MSRP or less....at least by 2008
I also believe that for anyone willing to be patient and not have to be the first person to have one, will be able to purchase one at MSRP or less....at least by 2008
