2017 Ford GT Fetches A Startling $1.8 Million At Mecum Auction

Mecum Auctions has sold a 2017 Ford GT for an eye-watering $1.65 million, a sum which rises to $1.815 million with buyers fees included.

Seeing desirable performance cars hitting the auction block shortly after being delivered isn’t an uncommon sight. What makes this case so interesting is the fact that Ford GT customers signed contracts stipulating that they wouldn’t flip their cars before two years at minimum.

This particular GT, number #048, has just seven miles under its belt and was sold after a bidding frenzy that lasted just two minutes. Remarkably, the final sales price is more than three times the original $450,000 MSRP of the Ford’s mid-engine supercar.

Prior to the auction, Mecum chief executive Dana Mecum said the company had been given the go-ahead to sell the vehicle.

“A judge did rule in Mecum’s favor that we can sell this car, and if Ford wanted it back, they were welcome to come here and bid on it. We had some people worried that there would be repercussions. There are no repercussions with this car. It was contested in court.

“You bid on it, you buy it, it’s yours. This is America. You can buy and sell what you want,” Mecum said.

In a statement, Ford said: “we do not comment on individual customer or legal matters, but can say that all buyers sign agreements to maintain ownership of new Ford GTs for 24 months.”

This isn’t the first time Ford’s GT buyer contract has been called into question. Last year, the Blue Oval sued wrestler and actor John Cena for flipping his GT shortly after taking delivery.

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  • pcurve

    man, this car looks amazing from the low vantage point from rear. The first 3 photos had me drooling.

    • ace_9

      It has a rear face like an angry squashed piggy 😀

    • Dennis James

      Stunning !

  • ErnieB

    The difference between a Ferrari or lambo that sell in the $400k range and this is that this is much more of a collectors car and much more desirable.. look at it… it’s epic!

  • Joking aside, there is theory that the former car owner inherited the car from someone who bought the car at the first place, therefore creating loophole that the original arrangements are only applicable to the person who sign the document.

    • john1168

      I would also think that in cases where someone passes away and estates have to be legally settled, many times the only way to settle estates is to liquidate everything (sell the car) and divide up the money for surviving family members.

    • brn

      But when someone inherits an asset, they also inherit the liabilities.

      I’m also not a fan of technical loopholes. Laws and contracts were once enforced based on their spirit, not their technicalities. That’s changed, so now what matters is who spends more on lawyers.

      • Well that is why I said theories, it’s never officially confirmed, but one has to wonder how the court ended up siding with the customer.

  • Belthronding

    this is just an amazing American supersport, wet dreams for our eyes.

  • Dubble Bubble

    $1.8 million? Maybe Ford should be looking at dropping their trucks and SUV’s and going full tilt into the supercar arena.

  • Salih Ahzem

    “You mean everything?”

  • i believe Cena didn’t know, because apparently the clause was buried under mountains of paperwork that GT owners need to sign, and I don’t believe Cena fill the GT ownership application himself.

    Good luck finding actual GT40 for 1,8 mill, even recreation with original parts is edging on that. Daytona Coupe is off limit, if there is 1 for sell, all hell will broke loose.

  • Perry F. Bruns

    Except politicians. You can only really rent politicians.

  • SteersUright

    Turning $450k into $1.8mil, netting a clean $1mil at least in less than 2 years time…the rich have it so easy these days…

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