A Lot of Money For Ford’s GT
At a Barrett-Jackson auction in Las Vegas, someone bought a 2017 Ford GT ’66 Heritage Edition for $1,54 million. That’s about three times the sticker price of the car. The car was signed by Joey Hand, who was in a Ford GT at the 2016 24 Hours of Le Mans when it won the race.
Usually, when cars like this go up for auction and sell for big bucks it is tied to a charity. This was not the case with this car. The auction was a private auction. The seller waited the amount of time he or she was contractually obligated to in order for Ford to sell the car to that person in the first place. The car sold at auction only had 30 miles on the odometer, according to Motor Authority.
Ford made a big stink about only true enthusiasts getting the new GT, but it’s clear that some simple collectors with no interest in actually buying the cars managed to get them, too. This is a clear example of someone cashing in on the rarity and collectability of the Ford GT, especially the ’66 Heritage Edition that had been signed by a racing driver who won Le Mans.
We’d expect to see more Ford GTs hit the auction block in the coming months and years. You can expect prices for these cars to be high.